Beacon Chain block 27293

Hash

1364fef9b8e11a93560e6cba2d619e30830c0889957d273b1dcbcf3d3a8b72b86...

01 Apr 2021 19:21:47 UTC (4 years ago)

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The Beacon Chain is a key component of the Ethereum 2.0 upgrade, which introduces proof-of-stake to the network, fundamentally changing the consensus mechanism from proof-of-work to a more energy-efficient system. It acts as the central coordination and consensus layer, managing the network of validators, their stakes, and providing the backbone for shard chains to ensure scalability and security for the entire Ethereum ecosystem.